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Pound (GBP) Soars as Brexit Hopes Return as EU Looks to Break Deadlock Published: 21 Oct at 5 PM
Pound (GBP) Sterling soared against many of its peers after the European Union (EU) appeared to make a U-Turn on Brexit talks, with Michel Barnier, the EU’s Chief Negotiator, suggesting a way of unlocking the deadlock in Brexit talks. A spokesman for Downing Street said: ‘We note with interest that the EU's chief negotiator,...
Pound (GBP) Rises on Hopes of Brexit Deal Published: 19 Oct at 4 PM
Pound (GBP) The Pound (GBP) rose against many of its peers today on growing hopes that a post-Brexit trade deal between the UK and the EU is altogether possible, despite Prime Minister Boris Johnson’s hints that he would prefer an Australia-style Brexit. The European Commission’s vice president Marco Sefcovic commented: ‘It has...
Pound (GBP) Rises Despite BoE Talk of Negative Interest Rates Published: 12 Oct at 5 PM
Pound (GBP) The Pound (GBP) edged higher today after Prime Minister Boris Johnson revealed a new three-tier system to curb the spread of Covid-19. Mr Johnson said: ‘We want to create the maximum possible local consensus behind this more severe local action, so in each area, we will work with local government leaders on the...
Markets Calm and Return to Riskier Assets as US President Trump Discharged from Hospital Published: 6 Oct at 4 PM
Pound Sterling (GBP) The Pound saw yet another volatile session today. For much of the day it was pushed lower by concerns over pandemic-influenced job layoffs. In the afternoon however, Sterling was boosted by reports that the latest UK-EU Brexit negotiations had been productive, and that big progress had been made. No notable UK data...
Fears of Brexit No-Deal Outcome Hits Sterling but Negotiations Still Being Closely Watched Published: 1 Oct at 3 PM
Pound Sterling (GBP) After hoping for much of the week that UK-EU Brexit negotiations could end with a breakthrough or extension this week, fears of a no-deal outcome surged today. Investors were volatile on the Pound on speculation that negotiators still remained far from agreement. Reaction to how the final round of negotiations unfolds...
Markets Readjust Positions in Anticipation of Tonight’s US Presidential Debate Published: 29 Sep at 4 PM
Pound Sterling (GBP) The Pound was a little weaker today, and the currency struggled to hold yesterday’s advances. UK retailers continue to express concern about the impact of the coronavirus pandemic, while Pound investors await the final scheduled round of Brexit talks. UK-EU negotiations will last until Friday, when the final...
Pound (GBP) Rises as ‘More Positive Tone’ Surround Brexit Talks Published: 28 Sep at 4 PM
Pound (GBP) The Pound (GBP) edged higher today on hopes of a post-Brexit trade deal between the UK and the EU. Tomorrow will see Brexit negotiations resume, sparking hopes of a last-minute compromise between the two powers. John Hardy, an analyst at Saxo Bank, said that there is a ‘more positive tone’ surrounding the negotiations,...
Markets Calm from Monday Panic as Fresh Coronavirus Restrictions Less Severe than Feared Published: 22 Sep at 5 PM
Pound Sterling (GBP) The Pound’s movement was volatile today, as markets digested the latest UK government plans on how to tackle the coronavirus pandemic. The plans were not as strict as feared. Bank of England (BoE) Governor Andrew Bailey’s signals that the bank was not considering negative interest rates in the near future also helped...
US Dollar (USD) Subdued Ahead of Federal Reserve Interest Rate Decision Published: 16 Sep at 5 PM
Pound (GBP) The Pound (GBP) rose against its peers today after the later UK Consumer Price Index for August fell from 1.8% to 0.9%, buoying confidence in the British economy as it shows a steady return of activity. Neil Birrell, the chief investment officer at Primier Miton, said of the report: ‘The inflation data in the UK surprised...
Pound (GBP) Struggles as Hard Brexit Fears Grow as Controversial Bill Secures Majority Vote Published: 15 Sep at 5 PM
Pound (GBP) The Pound’s (GBP) gains were short-lived today as mounting opposition to the controversial Brexit Internal Market Bill failed to convince UK Markets. As a result, Sterling has suffered a setback from concerns over the increasing likelihood of a no-deal Brexit on December 31st. In UK economic news, today also saw the UK ILO...

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